This has to be the third or fourth time I have talked about cigarettes as an investment, but now they’re an even better buy. Currency issues have driven the price of PM – Philip Morris (NYSE: PM) – to lows not seen since 2012, and that means a buying opportunity. Here’s a company with all the right moves: a forward P/E of 13.7, a 4.1% dividend and a long history of dividend increases, 10% to 12% EPS growth, and a worldwide market that, despite the health risks, continues to grow. Cigarettes are certainly not my thing – I quit in 1981 – but the rest of the world has a very different perception of smoking. While smokers here at home are becoming less common, the habit is still very prevalent […]
Trending Articles
More Pages to Explore .....